Gamuda, Litrak, Kumpulan Perangsang, Tenaga Nasional, TSH Resources, Malaysian Genomics, Pintaras Jaya and Tomei

Gamuda, Litrak, Kumpulan Perangsang, Tenaga Nasional, TSH Resources, Malaysian Genomics, Pintaras Jaya and Tomei
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KUALA LUMPUR (April 4): Here is a brief look at some of the corporate announcements and news flow on Monday (April 4), which include Gamuda Bhd, Lingkaran Trans Kota Holdings Bhd (Litrak), Kumpulan Perangsang Selangor Bhd, Tenaga Nasional Bhd (TNB), TSH Resources Bhd, Malaysian Genomics Resource Centre Bhd (MGRC), Pintaras Jaya Bhd and Tomei Consolidated Bhd.

The government has agreed to restructure four Klang Valley highway concessionaires, namely Kesas Sdn Bhd (Kesas Expressway), Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART Tunnel), Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT Expressway), and Lingkaran Trans Kota Sdn Bhd (Damansara-Puchong Expressway or LDP), according to Prime Minister Datuk Seri Ismail Sabri Yaakob. This came after trading of shares in Lingkaran Trans Kota Holdings Bhd (Litrak), Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) was suspended earlier in the day, as the companies announced that they had received offers from Amanat Lebuhraya Rakyat Bhd (ALR) for their stakes in the concessionaires involved. The restructuring will ensure toll rates will not be increased until the concession periods end, and will save on compensation costs from Jan 1, 2022 until the end of the concessions. 

Separately, Kumpulan Perangsang Selangor Bhd (KPS) has secured a RM18.14 million contract for the supply and delivery of water meters. KPS’ 51%-owned subsidiary Aqua-Flo Sdn Bhd (AFSB) entered into a framework agreement (FA) with Pengurusan Air Selangor Sdn Bhd (Air Selangor) for the supply and delivery of water meters for new development, meter migration and replacement programme of 15mm plastic, 15mm brass, 25mm brass and 40mm brass water meter.

Tenaga Nasional Bhd (TNB) said its wholly-owned unit Vantage RE Ltd has completed its acquisition of a 100% stake in a 97.3 megawatts onshore wind portfolio in the UK from a number of funds advised by independent global private asset management firm Capital Dynamics for £145.9 million (RM807.74 million). This acquisition follows TNB’s maiden venture into the UK offshore wind market last October.

TSH Resources Bhd plans to dispose of land in Indonesia's North Kalimantan province for a total of RM711.66 million. The disposal includes two plots of land in Tanah Kuning Village covering a total area of 3,829.27 ha, and five plots of land in Mangkupadi Village covering a total area of 9,385.63 ha. The group added that the disposal also includes plots of land in Tanah Kuning Village and Mangkupadi Village that have been previously acquired by TSH Resources from individual landowners but have not yet been certified and registered in Indonesia's National Land Agency.

Malaysian Genomics Resource Centre Bhd (MGRC) has secured a Covid-19 surveillance contract from the Institute for Medical Research (IMR), the biomedical research arm of the Ministry of Health. The genomics and biopharmaceutical specialist is one of the private laboratories that IMR has engaged to outsource genome surveillance of SARS-CoV-2. 

Pintaras Jaya Bhd said the group has secured three piling contracts worth S$29 million (RM90 million) in Singapore. The contracts, which were awarded to its Singapore-based unit Pintary Foundations Pte Ltd, will commence in May with contract periods of between three and four months.

Tomei Consolidated Bhd has proposed a first and final dividend of three sen per share for the financial year ended Dec 31, 2021.

S Kanagaraju